Tuesday, March 17, 2009
AIG execs demand Senators "resign or commit suicide"
After reading this story, I fell asleep and had a dream...
AIG Vice Chairman and Chief Marketing Officer Robert G. Krebs suggested that Senators Chris Dodd (D-CT), Charles Grassley (D-IA) and Rep. Barney Frank (D-MA) take a "Japanese approach" toward accepting responsibility for the collapse of Fannie Mae and Freddie Mac by resigning or killing themselves.
"In all candor, I don't know why they're so exercised by some bonuses. These pathetic excuses for politicians cost the taxpayers trillions of dollars and, worst of all, they're still in power."
"I suggest they ought to be removed," Krebs said. "But I would suggest the first thing that would make me feel a little bit better toward them if they'd follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide. And in the case of the Japanese, they usually commit suicide before they make any apology."
"And, frankly, suicide would appear to be the only way to get these recidivists out of office," Krebs added.
"From my standpoint, it's irresponsible for unaccountable bureaucrats to allow themselves to receive raises when they're sucking at the teat of the taxpayer," AIG Senior Vice President James Sullivan explained.
Krebs noted that Frank, Dodd, Maxine Waters (D-CA) and a host of other Democrats were largely responsible for the entire mortgage meltdown through their decade-long fight against regulation of mortgage giants Fannie Mae and Freddie Mac.
"Recall that in 2004, Alan Greenspan warned of a systemic risk to the economy and, even earlier, the White House tried repeatedly to rein the GSEs in. But, no, B-B-B-arneys Fwank and Kwistopha Dudd were protecting their donors," Krebs said, mocking the portly Frank.
Sullivan continued to express his displeasure with the federal government that is adding trillions of dollars to the national debt for "non-stimulating stimulus, better known as pork projects."
He said Senators and Congress in general should not be rewarded for "running the country into the ground."
The executives' remarks added to a chorus of public outrage over the disclosure that Congress continues to rape the American people with pork projects and massive unfunded liabilities that are bankrupting the country.